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{
    "id": 644487,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/644487/?format=api",
    "text_counter": 55,
    "type": "speech",
    "speaker_name": "Hon. Wetangula",
    "speaker_title": "",
    "speaker": {
        "id": 3036,
        "legal_name": "Timothy Wanyonyi Wetangula",
        "slug": "timothy-wanyonyi-wetangula"
    },
    "content": "Today, when we look at the operation of banks we see the failure of the regulator, the CBK in providing leadership in the management of these banks that are stealing from Kenyans. People open accounts and make their deposits and even their little investment is stolen by a few people who run away. Most of these people go scot-free. By the time we come to know what is happening, like at Chase Bank, they have walked away with billions of shillings. Kenyans who had deposited money in that bank are left stranded. The regulator has failed to deal with rogue banks. We are going back to the 1980s and 1990s when we used to have politically-correct banks which were operating at the whims of politicians. We need to make sure that the CBK cracks the whip and makes sure that banks are operating within the law and Kenyans have confidence in the banking sector. The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}